There isn’t a specific or actual insurance policy that you can purchase to cover natural disasters that your property might have seen. The damage could be from wind or accumulated snow, rain storms, or even accidental fire caused by excessive weather conditions. If you have homeowners insurance, it might be able to extend a bit of protection to your house against certain natural disasters. It might encompass wildfires, tornadoes, blizzards, volcanic eruptions, and similar calamities. However, in many cases, this is not going to suffice.
There are a few things that you should understand about natural calamities or natural disaster insurance for your home. Do consider these factors before you choose any coverage:
Flood Or Water Damage
Floods or mud flows could be due to any natural disaster including tornadoes, hurricanes, and earthquakes. The reason could be direct or indirect but you need to make sure that the plan that you take covers all these factors and reasons. You can go with a flood insurance policy but the company is going to look for a more “valid” reason that caused the damage. The government authorities too are going to collect various information on flood damage across the country before they give any kind of compensation. If you want to purchase this insurance policy, you will have to consider buying it before the rains start pouring in. This will also help you prevent your house from getting hurt by uninsurable damage.
You might have to take out a separate insurance policy for hail damage to your house. Your homeowner’s insurance might cover this but you should be aware that they are highly likely to impose much bigger deductibles for that. Hail damage is a complicated insurance cover and the insurer might also restrict payments for any cosmetic damage that is caused by the hail. What does this mean for your house? It means that you may not be able to claim damages or compensation for your house if the harm has only been superficial or just a bit of a structural “disruption.”
Hurricane Or Tornado Damage
You should know that not every house insurance plan or even insurance provider in the city is going to provide complete coverage against any natural disasters. These calamities can cause drastic damage to your home and its belongings. For example, if you live in a storm-prone area, you should also look for hurricane insurance claims legal help on the internet and find out what kind of coverage they offer. You will have to get the right plan depending on the value of your property and the extent to which the plan offers coverage otherwise you will end up spending thousands of dollars on the repair and reconstruction of your house from your pocket.
Most insurance companies are not going to cover earthquake damage because this is caused by the movement of the earth. It could be landslides or mudslides or even sinkholes and most of them are just excluded from the overall coverage. So if you have any homeowners insurance policy in place, you are highly unlikely to get the right amount of damages or compensation for your losses. What do you do in such a situation? You will have to purchase a separate earthquake insurance cover in this case. Insurance against landslides or mudslides is considered separate from these policies. So yes, this little aspect could increase your overall monthly premium payout which is again going to cause a big financial drain.
Electrical Appliance Breakdown
Some natural calamities may cause your electrical appliances to break down or malfunction. You might be aware that the root cause of the damage was a natural disaster but your insurance company might think otherwise. For example, if you live in an area highly prone to hurricanes and tornadoes, you must look for a specific insurance plan instead of coverage against electrical hazards. In some situations, it is better to go for both insurance policies because that is going to give you a wider safety net. Remember that these hazards can cause nearly 90% of your household appliances to short circuit or malfunction and even cause fatal injuries.
Not every insurance company is going to be forthcoming, empathetic, and sympathetic. You might be on the safer side by combining two or three policies for your house. Make sure to include at least one insurance coverage against natural disasters always. This is a more practical way to prevent paying for any of the losses suffered directly from your pocket.